Boston Research & Management 13F-HR Quarterly holdings report by institutional manager

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

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COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
3M Co	COM	88579Y101	411	4,394	SH		SOLE		0	0	4,394
AMEX Energy Sector SPDR	COM	81369y506	4,179	46,241	SH		SOLE		0	0	46,241
AbbVie Inc.	COM	00287y109	7,923	53,157	SH		SOLE		0	0	53,157
Abbott Laboratories	COM	002824100	5,848	60,383	SH		SOLE		0	0	60,383
Accenture PLC	COM	G1151C101	5,360	17,453	SH		SOLE		0	0	17,453
Agilent Technologies, Inc.	COM	00846u101	210	1,879	SH		SOLE		0	0	1,879
Alphabet, Inc. - Class A	COM	02079k305	7,131	54,496	SH		SOLE		0	0	54,496
Alphabet, Inc. - Class C	COM	02079k107	1,558	11,820	SH		SOLE		0	0	11,820
Amazon.com, Inc.	COM	023135106	4,376	34,431	SH		SOLE		0	0	34,431
Amgen Inc.	COM	031162100	332	1,237	SH		SOLE		0	0	1,237
Apple Inc.	COM	037833100	9,689	56,594	SH		SOLE		0	0	56,594
Archer Daniels Midland Com	COM	039483102	217	2,880	SH		SOLE		0	0	2,880
Automatic Data Processing, Inc	COM	053015103	412	1,715	SH		SOLE		0	0	1,715
Bank of New York Mellon Corp.	COM	064058100	3,884	91,081	SH		SOLE		0	0	91,081
Berkshire Hathaway Inc. Class	COM	084670702	6,993	19,964	SH		SOLE		0	0	19,964
Boeing Co	COM	097023105	249	1,300	SH		SOLE		0	0	1,300
Boston Properties, Inc.	COM	101121101	288	4,850	SH		SOLE		0	0	4,850
Bristol-Myers Squibb Company	COM	110122108	406	7,010	SH		SOLE		0	0	7,010
CVS Health Corp	COM	126650100	4,539	65,023	SH		SOLE		0	0	65,023
Caterpillar	COM	149123101	966	3,542	SH		SOLE		0	0	3,542
Chevron Corp	COM	166764100	1,485	8,808	SH		SOLE		0	0	8,808
Cintas Corporation	COM	172908105	2,659	5,530	SH		SOLE		0	0	5,530
Cisco Systems, Inc.	COM	17275r102	7,473	139,013	SH		SOLE		0	0	139,013
Coca-Cola Company	COM	191216100	4,331	77,370	SH		SOLE		0	0	77,370
Colgate-Palmolive Company	COM	194162103	4,403	61,931	SH		SOLE		0	0	61,931
Comcast Corp Cl A Vtg	COM	20030N101	5,359	120,871	SH		SOLE		0	0	120,871
ConocoPhillips	COM	20825C104	3,493	29,161	SH		SOLE		0	0	29,161
D.R. Horton, Inc.	COM	23331a109	4,475	41,646	SH		SOLE		0	0	41,646
Danaher Corp.	COM	235851102	515	2,078	SH		SOLE		0	0	2,078
Duke Energy Corp.	COM	26441c204	3,625	41,075	SH		SOLE		0	0	41,075
Eli Lilly & Co	COM	532457108	2,381	4,433	SH		SOLE		0	0	4,433
Emerson Electric Co	COM	291011104	492	5,100	SH		SOLE		0	0	5,100
Exxon Mobil Corp.	COM	30231g102	5,762	49,006	SH		SOLE		0	0	49,006
Fastenal Co	COM	311900104	8,083	147,937	SH		SOLE		0	0	147,937
Fortrea Holdings Inc	COM	34965k107	639	22,375	SH		SOLE		0	0	22,375
General Electric Company	COM	369604301	266	2,413	SH		SOLE		0	0	2,413
General Mills Inc Com	COM	370334104	6,322	98,810	SH		SOLE		0	0	98,810
Genuine Parts	COM	372460105	345	2,390	SH		SOLE		0	0	2,390
HP Inc.	COM	40434l105	228	8,880	SH		SOLE		0	0	8,880
Home Depot, Inc.	COM	437076102	2,808	9,294	SH		SOLE		0	0	9,294
Illinois Tool Works	COM	452308109	594	2,580	SH		SOLE		0	0	2,580
Intel Corp	COM	458140100	4,233	119,093	SH		SOLE		0	0	119,093
Intl Business Machines Corp	COM	459200101	645	4,603	SH		SOLE		0	0	4,603
Invesco QQQ Trust Series 1	COM	46090e103	306	856	SH		SOLE		0	0	856
Invesco S&P 500 Equal Weight	COM	46137V357	275	1,945	SH		SOLE		0	0	1,945
J.P. Morgan Chase & Co.	COM	46625h100	5,430	37,445	SH		SOLE		0	0	37,445
Johnson & Johnson	COM	478160104	1,512	9,711	SH		SOLE		0	0	9,711
Kimberly-Clark Corp	COM	494368103	372	3,085	SH		SOLE		0	0	3,085
Laboratory CP Amer Hldgs	COM	50540R409	4,619	22,978	SH		SOLE		0	0	22,978
Linde PLC	COM	g54950103	6,200	16,653	SH		SOLE		0	0	16,653
Lockheed Martin Corp	COM	539830109	4,276	10,456	SH		SOLE		0	0	10,456
Lowe's Companies	COM	548661107	203	980	SH		SOLE		0	0	980
Magna International, Inc. Cl A	COM	559222401	2,893	53,980	SH		SOLE		0	0	53,980
Marsh & McLennan Companies, In	COM	571748102	498	2,620	SH		SOLE		0	0	2,620
Masco Corp	COM	574599106	213	4,000	SH		SOLE		0	0	4,000
Mastercard, Inc.	COM	57636q104	8,599	21,721	SH		SOLE		0	0	21,721
McDonald's Corp	COM	580135101	6,253	23,738	SH		SOLE		0	0	23,738
Medtronic Plc	COM	G5960L103	4,193	53,515	SH		SOLE		0	0	53,515
Merck & Co. Inc.	COM	58933Y105	6,188	60,110	SH		SOLE		0	0	60,110
Microsoft Corp	COM	594918104	14,660	46,429	SH		SOLE		0	0	46,429
Nextera Energy Inc.	COM	65339F101	3,736	65,220	SH		SOLE		0	0	65,220
Nucor Corporation	COM	670346105	302	1,936	SH		SOLE		0	0	1,936
Nvidia	COM	67066G104	234	540	SH		SOLE		0	0	540
Old Dominion Freight Line	COM	679580100	200	490	SH		SOLE		0	0	490
Omnicom Group Inc Com	COM	681919106	3,717	49,913	SH		SOLE		0	0	49,913
Oracle Corp.	COM	68389X105	1,092	10,319	SH		SOLE		0	0	10,319
PPG Industries	COM	693506107	480	3,700	SH		SOLE		0	0	3,700
Paychex, Inc.	COM	704326107	878	7,615	SH		SOLE		0	0	7,615
Pepsi Co Inc	COM	713448108	4,949	29,210	SH		SOLE		0	0	29,210
Pfizer Inc.	COM	717081103	797	24,041	SH		SOLE		0	0	24,041
Procter & Gamble Co	COM	742718109	6,062	41,562	SH		SOLE		0	0	41,562
Qorvo Inc.	COM	74736K101	2,889	30,271	SH		SOLE		0	0	30,271
Qualcomm, Inc.	COM	747525103	335	3,020	SH		SOLE		0	0	3,020
SPDR DJIA ETF Trust	COM	78467X109	237	710	SH		SOLE		0	0	710
SPDR S&P 500 ETF	COM	78462F103	3,053	7,143	SH		SOLE		0	0	7,143
Snap-On Inc.	COM	833034101	4,580	17,960	SH		SOLE		0	0	17,960
Southern Co	COM	842587107	304	4,710	SH		SOLE		0	0	4,710
Stryker Corp	COM	863667101	1,189	4,354	SH		SOLE		0	0	4,354
Sysco Corp	COM	871829107	3,883	58,790	SH		SOLE		0	0	58,790
Thermo Fisher Scientific	COM	883556102	4,271	8,438	SH		SOLE		0	0	8,438
Tractor Supply Co	COM	892356106	7,404	36,467	SH		SOLE		0	0	36,467
Tupperware Corporation	COM	899896104	55	39,344	SH		SOLE		0	0	39,344
US Bancorp	COM	902973304	2,667	80,699	SH		SOLE		0	0	80,699
United Parcel Services	COM	911312106	5,251	33,693	SH		SOLE		0	0	33,693
UnitedHealth Group Inc	COM	91324P102	373	740	SH		SOLE		0	0	740
VanEck Vectors Biotech ETF	COM	92189F726	1,981	12,721	SH		SOLE		0	0	12,721
Vanguard Developed Markets ETF	COM	921943858	961	21,999	SH		SOLE		0	0	21,999
Vanguard Emerging Markets ETF	COM	922042858	683	17,438	SH		SOLE		0	0	17,438
Vanguard FTSE All-World Ex-US	COM	922042775	1,147	22,118	SH		SOLE		0	0	22,118
Vanguard Small-Cap ETF	COM	922908751	2,114	11,185	SH		SOLE		0	0	11,185
Vanguard Total Stock Market ET	COM	922908769	2,629	12,380	SH		SOLE		0	0	12,380
Verizon Communications	COM	92343v104	3,453	106,571	SH		SOLE		0	0	106,571
Wal-Mart Stores	COM	931142103	7,424	46,422	SH		SOLE		0	0	46,422
Walt Disney Co.	COM	254687106	3,501	43,200	SH		SOLE		0	0	43,200
Waste Management, Inc.	COM	94106l109	471	3,090	SH		SOLE		0	0	3,090
Worthington Industries, Inc.	COM	981811102	216	3,500	SH		SOLE		0	0	3,500
Xylem Inc.	COM	98419m100	5,836	64,120	SH		SOLE		0	0	64,120
Yum China Holding Inc.	COM	98850p109	240	4,320	SH		SOLE		0	0	4,320
Yum! Brands Inc.	COM	988498101	539	4,320	SH		SOLE		0	0	4,320
iShares Comex Gold Trust	COM	464285204	1,845	52,753	SH		SOLE		0	0	52,753
iShares Core MSCI EAFE ETF	COM	46432f842	4,198	65,250	SH		SOLE		0	0	65,250
iShares Core MSCI Emerging Mkt	COM	46434g103	4,692	98,592	SH		SOLE		0	0	98,592
iShares Core S&P 500 ETF	COM	464287200	14,533	33,843	SH		SOLE		0	0	33,843
iShares Core S&P Midcap ETF	COM	464287507	2,503	10,041	SH		SOLE		0	0	10,041
iShares Core S&P SmallCap ETF	COM	464287804	6,897	73,115	SH		SOLE		0	0	73,115
iShares Nasdaq Biotechnology I	COM	464287556	1,989	16,266	SH		SOLE		0	0	16,266
iShares Russell 1000 Growth In	COM	464287614	215	811	SH		SOLE		0	0	811
iShares Russell 2000 Index Fun	COM	464287655	3,721	21,058	SH		SOLE		0	0	21,058
iShares S&P Global Tech Sector	COM	464287291	208	3,600	SH		SOLE		0	0	3,600
iShares S&P Growth Allocation	COM	464289867	435	8,824	SH		SOLE		0	0	8,824
iShares Core Total US Bond Mar	COM	464287226	374	3,984	SH		SOLE		0	0	3,984
iShares US Preferred Stock	COM	464288687	672	22,299	SH		SOLE		0	0	22,299
VaneckVectors HY Muni ETF	COM	92189h409	1,558	31,766	SH		SOLE		0	0	31,766
iShares iBoxx High Yield Corp	COM	464288513	2,075	28,156	SH		SOLE		0	0	28,156